Commercial Bank of Qatar is open to tie-ups with local financial institutions and could sell bonds next year to fund infrastructure lending in the Gulf Arab state, its recently appointed chief executive was quoted as saying.
Commercial Bank of Qatar (CBQ), the Gulf Arab state's second-largest lender by assets, said on Thursday it had completed the purchase of a 70.84 percent stake in Turkey's Alternatifbank.
The transaction has received the as
Commercial Bank of Qatar (CBQ), which is buying a majority stake in Turkey's Alternatifbank, posted a 7 per cent increase in first-quarter net profit on Wednesday, beating analysts' expectations.
Net profit in the three mo
Commercial Bank Of Qatar (CBQ), which is buying a majority stake in Turkish lender Alternatifbank, has picked two banks for a potential bond sale to boost its core capital, sources said.
The sale of a capital-boosting bond, a rare
Commercial Bank of Qatar (CBQ), the country's third-largest bank by market value, said it expects to complete the purchase of a 75 per cent stake in Turkey's Alternatifbank by the end of March.
The Qatari lender began talk
Commercial Bank of Qatar (CBQ) surpassed analysts' expectations for the third-quarter despite reporting a slight dip in net profit as gains from financial investments offset a drop in fee and commission income.
Commercial Bank of Qatar is eyeing a $500 million five-year bond, arranging banks said, with pricing expected as early as Tuesday.
Initial guidance for the bond was in the area of 250 basis points over midswa
Commercial Bank of Qatar has picked banks to arrange investor meetings in Asia, the Middle East and Europe ahead of a possible dollar-denominated bond issue, lead arrangers said.
The lender, Qatar’s third-lar
The National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, successfully closed a $ 455 million club loan facility for Commercial Bank of Qatar (CBQ).
Despite challenging market conditions, the facility was undertaken by a selected g
Commercial Bank of Qatar, the Gulf state's third-largest lender by market value, reported a 22 per cent jump in fourth-quarter profit on increased lending and deposits.
It made a net profit of QR376 million ($103.3 million), up from QR309